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CONSENT ITEM MEMORANDUM DATE: July 29, 2013 TO: Honorable Mayor and City Councilmembers Patrick Klaers, City Administrator FROM: Sue Iverson, Director of Finance and Administrative Services SUBJECT: Special Budget Work Session 2013 Budget Background In preparation for adoption of the preliminary tax levy at the first meeting in September, staff is working to compile the data needed to prepare a budget that falls within the levy limits set by the last legislative session and balance this with the impact of the new health care reform, the new sales tax legislation for 2014, and department/city needs. th and no information will be available before that time on the median value home so I can provide the impact of our levy on our taxpayers to you. I will also not have numbers on our portion of Fiscal Disparities, or our taxable market value. According to State law, the Department of Revenue does not have to have levy information to cities until September 1, 2013. While the levy information from the State is not a big issue (I can pretty much estimate that), the information from the County is critical to give you the total picture. th Since the regular work session is on August 19, this does not give me enough time to pull all that data together and review and run scenarios for you. Council member McClung will also not be available for th that August 19 work session either. I would recommend that we have a special work session as we have had the last 3-4 years before the th regular City Council meeting on August 26, to discuss the preliminary budget. Staff Recommendation Motion to approve holding a Special City Council Budget Work Session to discuss the 2014 Preliminary Budget and Levy at 5:30 p.m. on August 26, 2013 preceding the regularly scheduled Council meeting on that day. 11 Page of